banks Archives - Page 12 of 12

Total bank deposits drop to €48.6 bln in November

Total deposits held in Cyprus banks reached €48.6 billion in November 2019, while outstanding loans were €34.2 bln, data released by the Central Bank of Cyprus show. Total deposits in November recorded

2nd January 2020

Business

Pay deals signed in banking sector bring fragile stability

Social partners have welcomed the renewal of collective agreements between two of Cyprus largest banks and staff unions but there is a fragile truce. Working relations in the banking sector may be

22nd December 2019

Business/Cyprus

Toxic loans in Cyprus banks account for 29.6%

Non-Performing Exposures (NPEs) in the Cyprus banking sector, declined by €27 mln, to €9.68 bln in July 2019, compared to the previous month, but they still represent a third of all loans.

18th December 2019

Business

Banks need to shape up and truly invest

Bank managers are desperately trying to project a positive image of their institutions with shareholders cringing at the thought that profits are not yet healthy enough to get a return on their

14th December 2019

Business/Comment/Editorial

Cyprus banks slam the brakes on new loans

Cyprus banks appear unable to give out loans despite improved macroeconomic indicators and low-interest rates on offer with bankers refuting claims they are purposely avoiding injecting money back into the economy. Arguing

7th December 2019

Business

Cyprus banks are not giving out new loans

Cyprus banks are keeping a tight lid on loans given out to consumers and businesses as credit expansion in 2019 is restricted to a single figure percentage, despite the high liquidity in

5th December 2019

Business/Cyprus

Cypriot bank deposits and loans dip in October

Total deposits and loans in the Cypriot banking system decreased in October, according to Central Bank of Cyprus data. Total loans in October 2019 decreased by €75 mln, compared with a net

29th November 2019

Economy